Is Smart Sand, Inc. overvalued or undervalued?

As of 12 August 2025, the valuation grade for Smart Sand, Inc. has moved from risky to attractive, indicating a significant improvement in its investment appeal. Based on the available metrics, the company appears to be undervalued, particularly when considering its Price to Book Value of 0.40, EV to EBITDA of 3.74, and EV to Sales of 0.33. In comparison, peers such as Northwest Pipe Co. have a P/E ratio of 15.18 and Smith-Midland Corp. has an EV to EBITDA of 12.15, highlighting Smart Sand's relative undervaluation in the industry.
Despite the company's recent stock performance showing a 6.53% return over the past year compared to the S&P 500's 17.14%, its long-term returns of 54.74% over five years indicate potential for recovery and growth. This suggests that while the company has faced challenges recently, its current valuation metrics may present an attractive opportunity for investors.